Gold market analysis

2024-06-17

After the price of gold fell sharply last week, there was no selling pressure to follow last week, and two major changes in the market made investors wait with peace of mind. The successive inflation data in the middle of the week and the Fed's interest rate meeting are the focus of the public. Although the gold price fell below the 2300 mark last week, it stabilized above 2300 for most of last week. Inflation in the United States showed signs of slowing down. The CPI and PPI on Wednesday and Thursday did not deteriorate, which supported the conditions for reducing interest rates in the United States. However, the Fed kept the interest rate unchanged after the interest rate meeting. The bitmap showed that there was a greater chance to reduce interest rates only once at the end of the year, which was three times more than expected at the beginning of the year, which made the gold price rebound weak and held the psychological barrier of 2,300, but it was also unable to go up. Although inflation has not worsened, the Fed is cautious and still needs to control inflation with a high interest rate environment. Coupled with the booming job market, it has indeed reserved a bargaining chip for the United States to reduce interest rates, which has caused the gold price to be stuck in a state of ups and downs, making it more suitable for short-term operation. There are not many important data this week. What is more important is the retail sales of the United States on Tuesday and the PMI data on Friday. In addition, Wednesday is the June holiday in the United States, and the US market will take a day off. The market situation is a bit different, so let's refer to each other.

2024-06-11

Last week, the gold market rose first and then fell, and the focus of the market was on the performance of the labor market in the United States. As the labor market showed signs of weakening in April, the Federal Reserve's step of reducing interest rates was once ignited last month, which caused the gold price to rise sharply for two weeks. If the number weakens again in May, it will definitely hit the dollar and boost gold, and the market has long been wary, thus boosting the gold price performance at the beginning of the week. At the beginning of the week, the price of gold improved, stabilized above 2300 and climbed step by step. On Wednesday night, small non-agricultural farmers were lower than expected, which helped the price of gold to climb further. On Friday morning, it rose to a full-week high of 2387.74. On Friday night, there was an unexpected dramatic development. In the first quarter, the price of gold surged by $400, which was mainly supported by the central bank's buying. However, the data on Friday showed that the Bank of China stopped the operation of increasing its holdings of gold for 18 consecutive months in May, and the price of gold began to reverse its decline in the afternoon, waiting for non-agricultural data. On that night, the number of non-agricultural workers reported 272,000, far exceeding expectations and reversing the impact of the bad figures in April. The labor market did not continue to deteriorate, which greatly suppressed the price of gold. Soon after the data was released, the price of gold fell below 2,330, and fell to the low level at the beginning of the week. After that, it fell more and more, and continued to fall near the close of Europe. Finally, it fell below the 2,300 mark and closed at the last low of 2,277, which was slightly supported by the rebound. This week, both the fundamentals and the technical aspects have important implications for the mid-term performance of the gold price. Technically, if the support of 2277 falls, it may further extend the room for taking back. This week's CPI and the Federal Reserve's interest rate cut are also particularly important. If inflation remains high, the US interest rate cut plan will be delayed, and the expected interest rate cut will remain unchanged. However, the bitmap may change, and it may not be able to cut interest rates three times this year. The bitmap will re-release the latest interest rate cut process to the market, which will definitely lead to the directional development of market conditions. Let's refer to each other in this market. And I wish you all a happy Dragon Boat Festival. During the Dragon Boat Festival, Mingde maintained normal services in trading, customer service and deposit and withdrawal operations.

2024-06-03

The price of gold fell back after hitting a new high last week, and the market still kept selling pressure. It rebounded at the beginning of last week, but it was restrained above 2360, which failed to stabilize. During the Memorial Day holiday in the United States at the beginning of the week, buying was not active, and investors were seeking more guidance to lead the way, so they tended to go up and down. Investors waited for the GDP and PCE data after the middle of the week, and both of them met expectations. PCE did not deteriorate further. Although the price of gold rebounded, it did not last long and reached a high level. Looking forward to this week, the United States will release labor market data, which is expected to give more directions. Earlier, the labor market released a weakening signal, which increased everyone's expectation of reducing interest rates in the United States. Later, it was seen that the price of gold rose more than 100 dollars for two weeks in a row. If the labor market continues to weaken this week, it will stimulate the determination of Fed directors to reduce interest rates and have an important impact on the gold market outlook. The market situation is a bit different, so let's refer to each other.

2024-05-27

Last week, the performance of gold price was not satisfactory. Although it inherited the strength of the previous week on Monday and rose to a record high of 2450.06, it was a pity that the stamina was not sustained. The crash of Iranian President Hoshi at the beginning of the week once worried the market about the geopolitical situation, and gold played a safe-haven role and was sought after. However, the incident did not further ferment, but it gave the gold price a chance to sell short at a high level. On Tuesday, it was seen that the gold price could not go above 2440, and the speculative market was quite cautious about the high level. In the middle of the week, the release of the eagle by the Federal Reserve directly reversed the upward trend of gold in the past two weeks. The Federal Reserve announced the minutes of the last interest rate meeting, showing the concern of the out-side about recent inflation, and even said that the process was not satisfactory and it would continue to raise interest rates if necessary. This undoubtedly runs counter to the interest rate reduction cycle that the market has been waiting for. The price of gold plunged, and fell nearly $100 for two consecutive days after the period, the biggest weekly decline since December last year. Fundamentally, the market is still digesting the Fed's worries about inflation, which is quite unfavorable to the gold price. Technically, the weekly chart will continue to have softening pressure after hitting a new high. Before the rebound momentum appears obviously, the gold price may be further tested and supported. Looking ahead to this week, Monday is the Memorial Day holiday, and the market is closed. The focus of the market is on the PCE data of the weekend. Due to the recent good economic data in the United States, investors' fear of the deterioration of the labor market has been reduced. If the data is still strong this week, it will support the US exchange and suppress gold. The market situation is a bit bleak. Let's refer to each other. Last week, the performance of gold price was not satisfactory. Although it inherited the strength of the previous week on Monday and rose to a record high of 2450.06, it was a pity that the stamina was not sustained. The crash of Iranian President Hoshi at the beginning of the week once worried the market about the geopolitical situation, and gold played a safe-haven role and was sought after. However, the incident did not further ferment, but it gave the gold price a chance to sell short at a high level. On Tuesday, it was seen that the gold price could not go above 2440, and the speculative market was quite cautious about the high level. In the middle of the week, the release of the eagle by the Federal Reserve directly reversed the upward trend of gold in the past two weeks. The Federal Reserve announced the minutes of the last interest rate meeting, showing the concern of the out-side about recent inflation, and even said that the process was not satisfactory and it would continue to raise interest rates if necessary. This undoubtedly runs counter to the interest rate reduction cycle that the market has been waiting for. The price of gold plunged, and fell nearly $100 for two consecutive days after the period, the biggest weekly decline since December last year. Fundamentally, the market is still digesting the Fed's worries about inflation, which is quite unfavorable to the gold price. Technically, the weekly chart will continue to have softening pressure after hitting a new high. Before the rebound momentum appears obviously, the gold price may be further tested and supported. Looking ahead to this week, Monday is the Memorial Day holiday, and the market is closed. The focus of the market is on the PCE data of the weekend. Due to the recent good economic data in the United States, investors' fear of the deterioration of the labor market has been reduced. If the data is still strong this week, it will support the US exchange and suppress gold. The market situation is a bit bleak. Let's refer to each other.

2024-05-20

Since the weakening of the labor market, investors are increasingly looking forward to the interest rate reduction period approaching. In September, the opportunity to cut interest rates rose to 70%, and the US dollar was under pressure to support the improvement of gold prices. At the beginning of last week, the market focused on the performance of inflation data and the comments of Fed officials. Although the PPI performance met expectations on Tuesday, it had little impact, but Federal Reserve Chairman Powell stood up and expressed confidence that there was no need to raise interest rates again this cycle, which reduced the market's worries about inflation. The price of gold began to rise, and the CPI improved again in the middle of the week, further supporting the positive tone of gold. After the period, it failed to hit 2400 for the first time and fell back briefly, but it broke through again before the weekend and successfully stabilized above 2400 before the market closed. The interest rate reduction period is just around the corner, market sentiment continues to ferment, capital and hot money pursue different sectors in turn, and the gold price stabilizes at 2400, which can be said to open the door to 2500. There are not many important data this week, but the PMI data on Thursday is more important, so we can pay attention to whether it has fallen below 50, and the record of the last interest rate meeting announced by the Federal Reserve is also the focus. The market had highly expected that June would be the first interest rate reduction time, and this record will bring important enlightenment to the interest rate reduction process in the second half. For the market, please refer to each other.

2024-05-13

The market expects the Fed to cut interest rates. Since the poor non-agricultural performance, the public began to get evidence of the weakening of the US economy, thus strengthening the confidence of starting to cut interest rates in September. At the beginning of this week, after the gold price stabilized at the psychological barrier of $2,300, it began to pile up and wait for a breakthrough opportunity. After two days of operation, the gold price has accumulated strength. On Thursday night, the number of people applying for unemployment assistance for the first time in a week announced by the United States ushered in an opportunity, with a high figure of 231,000, the worst figure in the past six months, which once again reminded the market of the weakening unemployment rate in the previous week. More data cited the weakening of the labor market and the rise of gold prices, which continued to hit a new high in the week before the weekend, reaching a maximum of 2,378, and closed above 2,360, rising nearly 60 US dollars for the whole week. The market began to worry about stagflation in the United States, that is, prices continued to rise, but the economy contracted, which would also affect the Fed's determination to cut interest rates, because high interest rates were needed to control inflation, but high interest rates would increase the cost of enterprises and thus suppress the labor market; On the contrary, cutting interest rates will help the labor market, but it will rekindle inflation and put the Fed in a dilemma. Although one of the tasks of the Federal Reserve is to control inflation, the labor market is more political, because the immediate unemployment of the working population will put more pressure on the working class than the wage can't catch up with inflation. For the working class, it is better to scrimp and save than to lose their jobs. Especially in an election year, politicians need more time to stabilize the people's hearts. Therefore, the fall of the labor market will indeed increase the Fed's determination to speed up interest rate cuts. Looking ahead to this week, there are PPI and CPI inflation data on Tuesday and Wednesday respectively. If inflation falls, it will be easier to stimulate the gold market. In addition, Federal Reserve Chairman Powell also gave a speech on Tuesday, which may continue his dovish argument. The market situation is a bit different, so let's refer to each other.

2024-05-06

Since 2430, the price of gold has fallen for the second week in a row, and technical resistance has formed above 2400, which hinders the mid-term upward trend of gold price. In addition, the most tense time in the Middle East has passed, and the demand for hedging has decreased, which also makes the high position of good positions more cautious, and there is little motivation to pursue it above. In the past two weeks, as long as there is no further conflict between Israel and Iraq on Saturday and Sunday, it is convenient for gold prices to start to fall sharply at the beginning of the week before stabilizing and rebounding. Last week, the market focused on the Federal Reserve's meeting on interest rates and labor data. The market had high expectations that the United States would keep interest rates unchanged. However, at the press conference after the meeting, Powell made it clear that the next action would only reduce interest rates and not raise interest rates, and resolutely supported the gold price to stabilize above 2300. On the labour market, the performance was far from satisfactory, with both small non-agricultural and non-agricultural sectors falling below 200,000, and the unemployment rate rising to 3.9%, citing the slowdown of the labour market, which made the market even more hopeful that the United States would start to cut interest rates as early as September, sweeping away the recent market doubts about high inflation and high interest rates. The price of gold is in the struggle of ups and downs. After the high price has retreated more than 100 dollars, it tends to be sorted out. Before it rises again, it needs more time to consolidate. This week, the focus of finance and economics is on discussing interest rates in Britain and Australia, while there are few important economic data released in the United States. The gold market may be more dependent on technical fluctuations and market conditions. Let's refer to each other.

2024-04-29

Last week was nearly 10 weeks, and the weekly chart closed in the second week. The momentum of the sharp rise at the end of the first quarter was finally cooled by the rising inflation. Since there was no conflict between Israel and Iraq for a long weekend, Asian markets saw the gold price begin to decline on Monday, and European and American markets failed to reverse the trend of taking back. At the beginning of the week, it even fell below the $2,300 mark, with a low of $2,291.4 for the whole week. After that, it bounced back and regained some lost ground. The United States announced that its GDP in the first quarter was unexpectedly weak, and investors still expected the United States to cut interest rates, which brought a rebound opportunity to the gold price, but the market paid more attention to the inflation data of the United States. On Friday, PCE reported 2.8%, which was higher than expected, indicating that the growth rate was still lower than the Fed's expected decline, which hindered the space for the gold price to rebound. The gold price was subject to the resistance above 2350, but there was still buying support below 2300. Although there was no new news to stimulate the situation in the Middle East, the central bank's actual buying supported the gold price to some extent. The technical overbought, coupled with the strong dollar, will suppress the rising space of the gold price, which will lead to a more volatile consolidation of the gold market. Looking forward to this week, the interest rate cut in the United States and non-agriculture can be described as a super economic week. Although the opportunity for the Federal Reserve to cut interest rates this time is almost zero, it is very likely that Chairman Powell will mention the interest rate expectations in June and September in the press release, which will bring opportunities for market breakthrough. Let's refer to each other.

2024-04-22

After the gold retreated, it climbed again, and the tension in the Middle East supported the gold price to rise for five weeks. The price of gold has experienced the longest continuous increase since January 2023, with a total increase of about $250 in five weeks, an increase of more than 10%. Last weekend, Iran directly retaliated against Israel for the first time. The situation was tense over the weekend, which caused the gold price to jump and climb at the beginning of the week. However, as the United States did not support Israel's counterattack and Iran did not have any further war plans, the gold price fell back again and fell below the low level of the previous week. However, after the retreat, the buying actively absorbed and kept the gold price at the $2,300 mark. Recently, the US dollar and gold rarely rose simultaneously. Fed officials responded to the earlier rebound in inflation and good economic data, and released hawkish remarks, which made the US dollar rise to 106 level. Many Asian currencies were weak, but the overall price of gold did not fall. Every time they retreated, they immediately stabilized. On Friday, they even returned to Israel and regained the 2400 mark. The situation in the Middle East can be described as hot in the near future, and any accidental fire will also make funds flow into the gold market to avoid risks. Coupled with the central bank's active buying, it seems that there is an invisible hand to support the market, so that gold ignores the strength of the US dollar and maintains a pattern of big gains and small returns. Looking ahead to this week, a number of economic data will be released. If it shows that the US economy is booming, it will continue to hit the beginning of the Fed's interest rate reduction cycle. At present, interest rate futures have shown that the chance of interest rate reduction in September has dropped to 67%. The PCE on the weekend is the focus of the whole week. Last week, CPI suppressed the price of gold to retreat to around 2320. If inflation continues to be high, even though it may not be able to reverse the upward trend of gold, there will be a deeper retreat, which will make the market have a more ideal absorption position. The market situation is a bit different, so let's refer to each other.

2024-04-15

Retreat after the gold price hit a new high, it retreated and eased the overbought pressure before the weekend. Gold continued to be strong last week. In the past 11 trading days, 10 trading days continued to hit record highs, ignoring the ideal labor data of the previous week. At the beginning of the week, the price of gold began to rise, and it only began to struggle when it rose above 2350. Last week, the focus was on the inflation data of the United States and the expected destination of interest rates. The CPI released in the middle of the week showed that inflation was still high. Apart from being higher than expected, it was even more worrying that such a high interest rate environment still failed to effectively curb inflation and the market fell. There is intelligence that Iran will launch an attack on the United States, and with the support of the central bank's recent substantial buying, the price of gold has declined slightly. In addition, the increase of PPI slowed down slightly on Thursday night, and gold rose sharply again. On Friday night, it broke through $2,400 for the first time, and it has risen to more than $100 since Monday. It is a pity that it is too cold at the top. Before the weekend, it retreated in the US market, triggering a chain reaction, and overbought positions were closed before the market closed on Friday, resulting in a sharp fall in the price of gold. Although the market fundamentals still support the ideal performance of gold in the market throughout the year, the technical trend still needs to find a supporting position. This week, the market paid more attention to the retail data and the speech of Federal Reserve Chairman Powell. After the gold price adjustment, there may be an ideal medium-and long-term market entry position. The market situation is a bit different, so let's refer to each other.

2024-04-08

Gold hit a new high for six consecutive days, with Wall Street calling for $10,000. Last week, the price of gold hit high levels one after another. After the Easter holiday resumed, it continued its high-yield performance in the first quarter and rose again at the beginning of the week with a gap. This is the second consecutive week that the price of gold rose and opened, with an increase of nearly $100 for the whole week. There is almost no suspense in the market. It is expected that the price of gold will rise to the 2300 mark. Although the dollar is strong, the market has ignored and pursued gold. Due to geopolitical tensions and the central bank's active purchase of gold, the price of gold has been constantly breaking through. Although the labor market, which the market is more concerned about, performed well, ADP and non-agricultural products were better than expected, but the pressure on the gold price was limited. After a period of retreat, the gold price reached a new high and closed at a high level all week. Since 2024, it has risen by nearly $300, especially in the big bull market since 2002, when it started for ten years, with a cumulative increase of seven times. Some analysts on Wall Street have begun to predict that the bull market is not over yet, and the top is expected to be at the $10,000 mark, which is four times the current potential increase. Looking forward to this week, the United States will announce CPI. The market is gradually digesting the possibility that interest rates may not be cut in June, or there is an excuse to make gold prices retreat. However, the gold market is supported by technical and substantive buying, and there is still no sufficient signal to show that gold prices have peaked. The market situation is a bit different, so let's refer to each other.

2024-04-01

Gold prices hit a new high three times in a month, and the bull market soared. Gold ushered in 2024 a complete first quarter performance, in March 4 weeks, 3 weeks brush out a record high, although each time a new high after the shock, but each time not more than two trading days, then climb up again, the trend is exciting, I am afraid it is difficult to get on the wrong car. Last week, the market began to enter the Easter holiday, but did not reduce the market investment atmosphere, in the prospect of global interest rate reduction period approaching, all asset prices have entered the hot speculation period, in the virtual currency first burst and the Swiss National Bank unexpectedly cut interest rates early, it can be said that this hot market again play on the rolling oil, funds take turns to stir behind, different market sectors, gold prices compared to the old year-end high, the increase can be considered small, Compared with the Nikkei US stock market, gold prices are lagging behind, so that before the end of the quarter, gold prices are favored, last week's gold daily chart closed with positive candles, and on Thursday to gain greater momentum to climb, climbing to a new high before the close, technically, although there is an overbought signal, but there is no sign of a peak. Friday night PCE came as expected, inflation did not worsen, and it was difficult to reverse the gold rally. Looking ahead to this week, the labor data will put gold's rally to the test. The labor market has been fairly buoyant recently, and if there is no non-farm pullback, the Fed is still likely to keep interest rates on hold for a longer period of time, which will weigh on gold's rally. See the market situation, may wish to refer to each other.

2024-03-25

Federal Reserve confirms course for rate cut this year. Last week was super interest rate week, and financial markets were on a roll. The global stock market continues to hit a high, and the virtual currency and gold market also saw fierce fluctuations. At the beginning of this week, the Bank of Japan finally announced the end of the 17-year negative interest rate era after the interest rate hike, raising interest rates to 0.1%, but the yen fell instead of rising, and the market paid more attention to the European and American markets will begin to reduce interest rates, so the global financial market is still very confident in the future market, and the stock market has risen steadily. The Fed's midweek meeting was the middle of the whole week, and the result remained unchanged as expected, but the dot plot and Chairman Powell's post-meeting conference both saw doves, and the process of reducing interest rates three times in 2024 was confirmed, which swept away the market's earlier concern that the Fed may reduce interest rates only twice in response to the recovery of inflation, or even raise interest rates again. And the three rate cuts almost mean that the first rate cut will be in June, in the interest rate reduction period is approaching, gold prices rose, after the interest rate of the Asian market as high as 2222, a record high, after the meeting rose 60 dollars. And then began to reverse, on Friday more full Wednesday night gains back, as low as $2157, the market is very volatile. Looking ahead to this week, there are a number of data releases, including the weekend's PCE inflation data, but the Easter long weekend, after the midweek trading will become quieter, you may wish to refer to each other.

2023-09-01

September 1st Today's range   The core personal consumption expenditures price index for July, the most closely watched by the Federal Reserve, finally showed a rise of 0.2 percent month-on-month, in line with market expectations, and the gold market traded in a narrow range. The non-farm data comes out tonight, and this week's labor data shows that the numbers should narrow, and if so, it will be positive for gold. today The recommended range is from $1935 to $1960. The US gross domestic product for the second quarter and the change in the number of non-farm jobs in the US came out in the evening, both of which fell short of market expectations The gallery helped delay the Fed's rate hike policy, the dollar and the 10-year Treasury fell slightly, and U.S. stocks rallied. Hong Kong stocks opened on the heels of the US stock rally, but the most End high open low. The Hang Seng Index opened nearly 100 points higher, having risen as much as 258 points, unable to push ahead after the mainland released a higher-than-expected manufacturing purchasing managers' index The market continued to rise, and the Hang Seng Index ended the day down 100 points at 18,382. The eurozone consumer price index yesterday came in higher than expected, and the market is worried that the European Central Bank will raise interest rates at its September meeting European stock markets adjusted from a rally. The three major European markets ended up separately, with Germany's DAX up 0.35 percent and France's CAC in Paris Index was down 0.46 percent, while Britain's FTSE 100 index was down 0.65 percent. The core personal consumption expenditures price index, which the Fed watches most closely, finally rose in July, on a monthly basis It rose 0.2 percent, in line with market expectations and the smallest consecutive gain in more than two years. Meanwhile, personal spending rose 0.8 percent on a monthly basis, more than expected, it showed Personal spending remained strong after the Federal Reserve raised interest rates, suggesting the economy has a chance to avoid a hard landing. The three main indexes diverged, the Dow Jones The S&P 500 fell 0.16 percent and the Nasdaq Composite rose 0.11 percent. The core personal consumption expenditures price index, which the Federal Reserve watches most closely, finally rose 0.2 percent in July, in line with market expectations and for the first time in more than two years Minimum sequential increase. Gold traded in a narrow range, reaching a high of $1,947.9 and a low of $1,939.2 before settling at $1,940, down $2.30. For detailed analysis and operational advice, please CLICK the link below to join the group and contact the administrator https://t.me/mingtak

2023-08-31

August 31th. Today's amplitude interval      The second quarter GDP of the United States announced yesterday and the changes in the number of non-agricultural employees in the United States were released, both of which were lower than market expectations and the market looked forward to it. It helped to delay the Fed's interest rate hike policy, and the price of gold rose three times in a row. Today, there is the core consumer price index of the United States that the Federal Reserve is particularly concerned about, and the volatility may expand. Big. Today's suggested volatility is between 1937 and 1960 dollars. The consumer confidence index of the American Consulting Chamber released as soon as possible and the number of job vacancies for migrant workers in the United States were both lower than expected, and China repeatedly tried to prop up the market. The dollar weakened and US stocks rose. The opening of the Hong Kong stock market was followed by the upward trend of the US stock market. The Hang Seng Index opened 175 points higher and rose 258 points at most. Then the market fell back and finally Unable to keep the uptrend from ending, the final index fell slightly by 1 point to close at 18,482 points. This week is American Super Data Week, and many important data are coming soon. Yesterday, the second quarter GDP of the United States and the changes in the number of non-agricultural employees in the United States were revealed, and investors' attitude towards entering the market became cautious. In the end, the two data were lower than market expectations, and the three major European stock markets developed in different ways. The DAX index in Germany fell by 0.24% and the CAC index in Paris, France fell by 0.12%. Britain's FTSE 100 index rose 0.12%. The second quarter GDP of the United States and the changes in non-agricultural employment in the United States were released, both of which were lower than market expectations, especially for private enterprises in the United States in August. The number of jobs in the industry only increased by 177,000, the smallest increase in five months. The growth of labor data has been somewhat relaxed, and the economic growth in the United States has slowed down and the market is looking forward to it. Helped to delay the Fed's interest rate hike policy, the three major stock indexes on Wall Street rose across the board, with the Dow Jones index up 0.11%, the Standard & Poor's 500 index up 0.38% and NASS. The Dow Composite Index rose by 0.54%. The second quarter GDP of the United States announced yesterday and the changes in the number of non-agricultural employees in the United States were released, both of which were lower than market expectations, and the market fell. Jing helped to postpone the Fed's interest rate hike policy. The US dollar and US 10-year Treasury bonds fell slightly, and the gold market rose. The highest price of gold was $1,949, and the lowest was $1,949. 1935.1 dollars, closed at 1941.5 dollars, up 4.4 dollars. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-08-30

August 30th. Today's amplitude interval      This week is the American Super Data Week, and a number of important data will be announced soon, including the core consumer price index of the United States, which the Federal Reserve is particularly concerned about. Yesterday's consumer confidence index of the American Consulting Chamber and the number of job vacancies for migrant workers in the United States were both lower than expected, and the data made investors look forward to it. The Reserve Bank may postpone the rate hike. The gold price is looking for a new direction after returning to the 200 antenna, so it is advisable to control the betting. Today's suggested volatility is between 1920 and. 1945 dollars. The mainland stock market lowered the stamp duty on shares from yesterday. For investors, it is certainly a good thing to reduce the investment cost, but ultimately it depends on the economic prospects. And profit opportunities; On Monday, Hong Kong stocks soared by 600 points. However, the upward trend could not be sustained. Yesterday, mainland banks were told to reduce interest rates and deposit requirements. Reserve funds, Hong Kong's stock market and the mainland market are well established. After the Hang Seng Index opened 130 points higher, the increase continued to expand, reaching a maximum of 453 points and closing at 353 points. 18484 points. The mainland has repeatedly overspent to save financial markets, boosting investor confidence, and European stocks have followed the trend of Asian stock markets, opening higher and closing higher. On the other hand, this week is the American Super Data Week, and many important data will be announced soon, including the core personal consumption of the United States, which the Federal Reserve is particularly concerned about. Price index, the data is enough to affect the speed of the Fed's interest rate hike. The three major European stock markets rose across the board, with Germany's DAX index rising 0.88% and Paris, France. The CAC index rose by 0.67%, while the FTSE 100 index rose by 1.72%. Powell made a speech at the annual meeting of global central banks in Jackson Hole. The Federal Reserve is prepared to raise interest rates further at an appropriate time, implying that it will discuss interest rates before the end of the year. There is still an opportunity to raise interest rates in the meeting, but the weak US economic data released yesterday will help delay the Fed's interest rate hike policy, and the three major stock indexes on Wall Street will be across the board. Up, the Dow Jones index rose 0.58%, the Standard & Poor's 500 index rose 1.13%, and the Nasdaq Composite Index rose 1.54%. American consultation announced yesterday The consumer confidence index and the number of vacancies for labor mobility in the United States were lower than expected. In addition, China repeatedly made moves to support the market, and the dollar weakened, following the gold market. Continued to fluctuate upward, the highest price of gold was $1,938.1, and the lowest price was $1,914.6, closing at $1,936.9, rising to $17.8. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-08-29

August 29 Today's amplitude interval      This week is the American Super Data Week, and a number of important data will be announced soon, including the core consumer price index of the United States, which the Federal Reserve is particularly concerned about. The data is enough to affect the speed at which the Fed raises interest rates. The gold price is looking for a new direction after returning to the 200 antenna, so it is advisable to control the betting. Today's suggested volatility is at $1906 to $1928. The mainland stock market will reduce the stamp duty on shares from today. For investors, it is of course a good thing to reduce the investment cost, but ultimately it depends on the economic prospects. And profit opportunities; Chief Executive Lee Ka Chiu John announced on Sunday that he had instructed the Financial Secretary to co-ordinate policies in order to expand the connectivity of Hong Kong stocks, but did not ask Agui, They all copy Beijing's policy of "reducing stamp duty"! Affected by the mainland's policy of supporting the market, Hong Kong stocks opened more than 562 points higher yesterday, but eye-catching investors took advantage of the high price. The Hang Seng Index closed at 18,130 points, up only 174 points or 0.95%. The mainland has repeatedly overspent to save financial markets, boosting investor confidence, and European stocks have followed the trend of Asian stock markets, opening higher and closing higher. On the other hand, This week is the American Super Data Week, and a number of important data will be announced soon, including the core consumer price index of the United States, which the Federal Reserve is particularly concerned about. The data is enough to affect the speed at which the Fed raises interest rates. Yesterday, during the British holiday, London took a day off, Germany's DAX index rose by 1.03%, and Paris, France. The CAC index rose by 1.32%. Speaking at the annual meeting of global central banks in Jackson Hole, Powell said that the overall inflation in the United States has been observed to have declined in recent months. However, it is clear that economic growth is still higher than expected and consumer spending is particularly strong. The Federal Reserve is prepared to raise interest rates further at an appropriate time, suggesting that in. There is still an opportunity to raise interest rates in the interest rate meeting before the end of the month. Wall Street's three major stock indexes rose across the board, with the Dow Jones index up 0.62% and the Standard & Poor's 500 Index. Several liters rose by 0.72%, and the Nasdaq Composite Index rose by 0.74%. This week is the American Super Data Week, and a number of important data will be announced soon, including the core consumer price index of the United States, which the Federal Reserve is particularly concerned about. The data is enough to affect the speed at which the Fed raises interest rates. The gold market fluctuated upward, with the highest price of gold reaching $1,926.1 and the lowest price reaching $1,912.8, closing at 1920.1. Dollars to rise by 5.8 dollars. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-08-28

August 28th Today's amplitude interval      The economic data in the Mainland is now in a weak trend, and the deflation trend is obvious. The most serious thing is that in order to stimulate the economy in the Mainland, the Bank of China is actually easing the policy, and The United States is gradually shrinking its balance sheet. On the contrary, the spread will widen for a long time, which will become an incentive to further stimulate the RMB to go. Powell is in Jackson Hole. In a speech delivered at the annual meeting of global central banks, the Fed is prepared to raise interest rates further at an appropriate time, suggesting that the Fed will end the remaining three times this year. At least once in the meeting, it is possible to raise interest rates further, the dollar becomes more attractive, and the increase in gold prices is limited. This week, American Super Data Week, A number of important data will be announced soon, and the gold market is doomed to fluctuate. After returning to the 200 antenna, the gold price is looking for a new direction, so it is appropriate to control the betting. Maintain today The suggested volatility is between $1906 and $1925. The mainland stock market will reduce the stamp duty on shares from today. For investors, it is of course a good thing to reduce the investment cost, but ultimately it depends on the economic prospects. And profit opportunities; The economic data in the Mainland is now weak, and the deflation trend is obvious. National policies may not stir up the stock market, but they seem to invite you to the urn! Hong Kong stocks moved repeatedly last week, and the 18,000-point mark was regained. The Hang Seng Index closed at 17,956 points last Friday, up 6 points or 6 points in a week. 0.03%。 Last week, the market focused on the annual meeting of Jackson Hole Global Central Bank, and the focus was of course on Powell, chairman of the US Federal Reserve as the host. The market expects him to express his views on the US economy and monetary policy and the future trend of US interest rates on Friday. Sino-US trade relations have opportunities. Change, US Secretary of Commerce Raymond will lead a delegation to visit China this Sunday, coupled with the drop in crude oil, Powell said in his speech last Friday that the United States The inflation level is still high, and the Fed is prepared to raise interest rates further at an appropriate time. The market interprets that the Fed will still suspend interest rate hikes in September, which is an investment atmosphere. Turning positive, in a week, the three major European stock markets rose across the board, with Germany's DAX index rising by 0.37%, France's Paris CAC index rising by 0.91%, and Britain's. The FTSE 100 index rose 1.05%. Speaking at the annual meeting of global central banks in Jackson Hole, Powell said that he had recently observed that the overall inflation in the United States had declined in a few months. At the same time, it is mentioned that there is some evidence that the economy may not cool down as expected, the economic growth is still higher than expected, and consumer spending is particularly strong. However, the Fed is prepared to raise interest rates further at an appropriate time, suggesting that it may not necessarily raise interest rates at the meeting on interest rates in September. Wall street's three major stock indexes last week Don't develop. In one week, the Dow Jones index fell by 0.45%, the Standard & Poor's 500 index rose by 0.83%, and the Nasdaq composite index rose by 1.77%. China's economic prospects have deteriorated, and the RMB once fell below 7.3 against the US dollar, but the People's Bank of China began to guide state-owned banks to actively participate in the foreign exchange market, among which Including increasing the cost of shorting RMB, such as making a high middle price through the bank's own principal transaction, and supporting the balance of RMB, the RMB will eventually With the intervention of tangible hands, the gold market reversed and rebounded, holding at the level of 7.2. The gold market fell for four weeks in a row and rebounded last week. The highest price of gold was $1,923.4, and the lowest was $1,923.4. $1,884.9, which closed at $1,914.4 last Friday, increased by $24.8 in a week. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-08-25

August 25th Today's amplitude interval      Investors pay attention to the speech made by US Federal Reserve Chairman Powell at the annual meeting of global central banks in Jackson Hole tonight, and the economic data released by the United States yesterday. Strong, aggravating the market's worries about the Fed's interest rate hike, the gold market is looking for a new direction after returning to the 200 antenna. Maintain the suggested volatility at 1906 US dollars today. Yuan to $1925. Mainland media reported that the net interest margin of domestic commercial banks has fallen to a low level in recent years, and banks may lower the deposit listing interest rate; This move has the opportunity to stimulate Depositors can turn their savings into other investments and consumption, whether the former or the latter, which will help boost China's economy. On the other hand, the state has increased its efforts to ensure Holding the RMB against the US dollar in a balanced trend and holding the 7.2 mark, the mainland stock market appreciated, and the Hang Seng Index also surged yesterday, rising by 427 points at most. The market closed at 18,212 points, up 366 points or 2.05%. Investors continue to pay attention to the annual meeting of global central banks held in Jackson Hole, USA, and Powell's speech as the host tonight. On the other hand, the United States The economic data released yesterday was strong, and investors worried that it would affect the decision of the Fed doves. The three major European stock markets developed separately, while the German DAX index fell. 0.68%, the CAC index in Paris fell by 0.44%, and the FTSE 100 index in Britain rose by 0.18%. The durable goods orders announced by the United States yesterday are popular at the beginning of each week. The data on the number of people applying for unemployment benefits, both of which outperformed market expectations, aggravated the market's worries about the Fed's interest rate hike, and the US 10-year national debt was in Powell. Tonight, Jackson Hole's global central bank rebounded before its speech in 2008, and investors counted profits after chip stock Huida announced its ideal performance. Wall Street three. Major stock indexes fell across the board, with the Dow Jones index down 1.08%, the Standard & Poor's 500 index down 1.35% and the Nasdaq Composite Index down 1.87%. The durable goods orders announced by the United States yesterday and the weekly initial jobless claims data both outperformed market expectations, adding to the market's concern for the Fed. Worried about raising interest rates, the 10-year national debt rebounded before Powell delivered a speech at Jackson Hole Global Central Bank this evening, and the gold market rose after breaking through the 1920 mark. Narrowing, the highest price of gold was $1923.4, and the lowest price was $1911.8, which closed at $1916.8, up $1.4. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-08-24

August 24th Today's amplitude interval      Investors pay attention to the speech of US Federal Reserve Chairman Powell at the annual meeting of global central banks in Jackson Hole on Friday, seeking his views on the US economic and monetary policies. Views, and guidelines for the future trend of American interest rates. In addition, the US manufacturing purchasing managers' index in August was lower than market expectations, easing the pressure on the Fed to raise interest rates. The yield of US 10-year Treasury bonds fell, and the gold market rose unilaterally yesterday. Today's suggested volatility ranges from $1906 to $1925. The mainland official media published an article saying that mainland real estate enterprises should be allowed to have more flexibility in commercial housing, suggesting that the space for state-guided prices will be expanded, and stressing that China The principle of "no speculation in housing" put forward by Chairman Ji Jinping should not and will not change, and must be adhered to for a long time. In fact, housing is also an investment and a national policy. The intervention has caused the buyers to be overwhelmed. Now the market situation is such that the appreciation potential of house prices is greatly reduced, so it is difficult to attract investors to enter the market, and the domestic housing stocks are doomed to be out of operation. Hong Kong stocks continued to play for two days, but the momentum weakened and the turnover fell to HK$ 84.20 billion. The Hang Seng Index opened 28 points lower, and buying was active in the afternoon, with a maximum increase of 209 points. The Hang Seng Index once burst. It broke 18,000 points, but the selling pressure at the 18,000 mark increased. The Hang Seng Index closed at 17,845 points, up 54 points or 0.31%. Investors continue to pay attention to the annual meeting of global central banks held in Jackson Hole, USA today. On the other hand, Sino-US trade relations have the opportunity to change. Minister Raimundo will lead a delegation to visit China this Sunday. Coupled with the drop in crude oil and the positive investment atmosphere in the market, the three major European stock markets rose for the second day in a row. China's DAX index rose 0.15%, France's Paris CAC index rose 0.08%, and Britain's FTSE 100 index rose 0.68%. The market looks forward to the announcement of performance management by chip stock Huida Yes, coupled with the fact that the US manufacturing purchasing managers' index released yesterday was lower than market expectations, it eased the pressure on the Fed to raise interest rates and benefited the technology stock sector. The rising locomotive offset the weakness of American retail stocks. The three major stock indexes on Wall Street rose across the board, with the Dow Jones index up 0.54% and the Standard & Poor's 500 index. It rose by 1.1%, and the Nasdaq Composite Index rose by 1.59%. Investors pay attention to the speech of US Federal Reserve Chairman Powell at the annual meeting of global central banks in Jackson Hole on Friday, seeking his views on the US economic and monetary policies. Views, and guidelines for the future trend of American interest rates. In addition, the US manufacturing purchasing managers' index in August was lower than market expectations, easing the pressure on the Fed to raise interest rates. The yield of US 10-year Treasury bonds fell, and the gold market rose unilaterally. The highest price of gold reached $1,920.4 and closed at $1,917.4, up $17.7. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak